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Since the one who trade in forex is human, this subject is very useful for traders to learn. If they don't know about it something will be missing from their trading and the result won't be optimum.this is a subject interesting. we can use it in life, trading forex, trading stock.... it is a habit of human
Well I understand the fact of being Strong enough emotionally, but Belief is all about Experience, so our physiology will be tampered if we lack experience. Forex is a Risk and a Profitable Business, so we need good Experience towards trading.Psychology of a particular trader is directly related to the success of a trader because he needs to be strong enough on order to be successful, In FX market you will face losses and if you are not strong enough emotionally then you will not be able to make it.
First, belief is all about experience? What is this? Belief is not all about experience belief just belief.
Second, psychology is hard thing to talk with, i do know that if the price start to rise people psychology normally will tell them to buy and vice versa.
Third, the risk is high but still be able to maintain through risk management. You need experience to change your psychology but with thinking overall it will change yours.